I’m a reporter at Forbes in the investing channel, covering markets and personal finance. If you’re looking to take your chances in the market, follow me for the latest scoop. As a junior at Cornell University, double majoring in Applied Economics and Management and Communication, I’ve learned the ins and outs of Cornell’s administration as a Senior Editor at The Cornell Daily Sun. When I’m not reporting on the latest hot stocks, you can find me exploring New York City’s restaurants with a fork in one hand and knife in the other. Tweet me @Alexa_Bryn or shoot me a message at ADavis@forbes.com.

The purchase of Flagstone, which is the top provider of trail mix and dried fruit, will make TreeHouse a private label leader in healthy snacks and raise its annual revenue by a $750 million and add 24-28 cents of earnings per share in the first year after the deal closes.

TreeHouse Chief Executive Sam Reed said Flagstone “is ideally situated at the intersection of health and wellness, snacking and the perimeter of the store, and represents an attractive new platform for TreeHouse to enter the on-trend, rapidly growing $7.1 billon healthy snacks category.

Monday’s news continues a shopping spree by Oak Brook, Ill.-based TreeHouse, having acquired six companies in the last four years. Most recently, in May, it completed a $150 million deal with Protenergy Natural Foods, a manufacturer of broth, soups and gravies. In October 2013, TreeHouse bought dry packaged food provider Associated Brands. The string of acquisitions has helped the company push its stock price up 75% since 2010.

TreeHouse shares were in positive territory Monday, up 1.4% at $80.97, but off the highs of the day after touching a record $83.19 earlier.

J.P. MorganJ.P. Morgan and Perella Weinberg Partners will act as financial advisors and Winston and Strawn will serve as legal counsel to TreeHouse for the transaction. St. Paul, Minn.-based Flagstone has enlisted the advice of Moelis and Company, Houlihan Lokey Capital and BMO Capital Markets as financial advisors and Kirkland and Ellis as legal counsel.

Post Your Comment

Post Your Reply

Forbes writers have the ability to call out member comments they find particularly interesting. Called-out comments are highlighted across the Forbes network. You'll be notified if your comment is called out.